261
261
Oct 3, 2012
10/12
by
CNBC
tv
eye 261
favorite 0
quote 0
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
146
146
Oct 4, 2012
10/12
by
CNBC
tv
eye 146
favorite 0
quote 0
growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get similar returns still from the high-yield area. high yield acts like equities. you're not really changing your risk profile there but i'm also really interested in the emerging market areas. >> but not china. >> not china itself. that's true. it depends on some of the monetary policy, changes they may now make. but at this point, no, i agree. >> we have to leave it there. you called the market right. you said 15%. that's where we are. thanks for being with us. >>> let's go to seema for a market flash. >> we got a lot of ipos this week.
growth economy is slowing. if you're used to 5%, 10%, the impact that that has on energy, on materials, on all sorts of things is pretty significant. both for china and its implications for the rest of the world is pretty significant. >> you say 4% to 5% might be a reasonable return expectation in a domestic stock portfolio for next year. if i'm not satisfied with that, i'm greedy, i want more than that, where can i enhance my return under the scenario you predict? >> i would get...
300
300
Sep 26, 2012
09/12
by
CNBC
tv
eye 300
favorite 0
quote 0
they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any particular confidence. if you're a businessman, you're the labor demand. you're not going to hire anybody without knowing. you're going to wait if you can. most of them can wait. it's just going to get worse. >> all right. gentlemen, thank you both. it is one of the real thorny issues of our time right now as we head toward the election. former credit investment banker was reportedly arrested earlier today by london police. u.s. authorities are criminally charged him back in february alleging he and two other creditors conspired to inflate the value of mortg
they're not doing that in any sector of the economy. this is clearly blowing smoke. >> j.d., let me give you the last word because we are running out of time. don't you think that with all of the dysfunctionalty that goes on in congress they will find some sort of common ground so we don't have the taxmageddon? >> i don't think anyone has confidence that's the case. we all hope they'll get their act together and prevent this huge tax increase from hitting the economy. no one has any...
108
108
Sep 26, 2012
09/12
by
CNBC
tv
eye 108
favorite 0
quote 0
they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen in the past. tear gas being used by the police to disperse the protesters. a lot of back and forth. that lasted just a couple of hours. it was smaller than we've seen in the past. but once again, two capitals in europe erupting in the last two days, today, in fact over austerity measures being imposed as they try to balance their budgets. >> michelle caruso-cabrera, thank you for that update. beakers, i'm going to you. the worse things get, the more likely it will be that spain actually seeks a bailout, right? borrowing costs have to remain high. 32 basis points rose in spani
they've seen their economy falling. they've seen very high rates of unemployment. as high as 50% for young people. we also saw violence in athens greece, today as well. they were protesting there as well because you could say, same story. another round of cuts of government spending which will mean lower salaries, pensions that could be affected as well. a lot of the details haven't come out, but they kind of know the story already. this is athens. once again, molotov cocktails as we have seen...
347
347
Oct 3, 2012
10/12
by
CNBC
tv
eye 347
favorite 0
quote 0
even if the economy gets stronger and you expect the feds to start tightening. that is why tonight we are checking up on a group of stocks that are renowned for beautiful yields. the real estate investment trusts. why? consider the ishares dow jones real estate etf. you can't decide on a single reit so you buy the whole cohort instead. it is up 12.9%. but in the last few weeks, we have been worried because this has been body slammed. we want to know if this is a garden variety pull back or the start of something worse. tonight we are going off the charts to figure out if the real estate investment stakes are done. he is a brilliant technician and perhaps the most reliable guy i have been dealing with on charts. take a look at the iyr daily chart. you can see that over the last few weeks this thing has been put through the proverbial meat grinder. is this a pull back off the recent time or are there signs of something more sinister? there is a developing head and shoulders pattern here. there you go. that is one of the most dreaded topping formations out there. n
even if the economy gets stronger and you expect the feds to start tightening. that is why tonight we are checking up on a group of stocks that are renowned for beautiful yields. the real estate investment trusts. why? consider the ishares dow jones real estate etf. you can't decide on a single reit so you buy the whole cohort instead. it is up 12.9%. but in the last few weeks, we have been worried because this has been body slammed. we want to know if this is a garden variety pull back or the...
198
198
Oct 2, 2012
10/12
by
CNBC
tv
eye 198
favorite 0
quote 0
the feds attempt to jump start the economy by any means necessary. think about how the people might have sold in october last year. why doesn't this calendar style of investing interest me to make money? simple. every year there is a way to make money. let me give you examples of why this is a lazy force that is nothing but a lovy blanket. first, when these numbers or patterns were created, the u.s. was in control of its own destiny. our fings ago system is connected with theirs. do you think any of the historical data takes on that shift that we have to deal with? no, do you think i would be ringing a gong five years ago? i think this is kind of a recent event you know. gong show. i cannot recall another time when the federal reserve is taking the step to lower the -- if the economy gets better. that means you have to lower stocks. history shows it has to be one. of course it didn't pay to sell those stocks in september. september is the worst month for investing. third, there is apple. we've never had a $600 billion stock before. we've never had a
the feds attempt to jump start the economy by any means necessary. think about how the people might have sold in october last year. why doesn't this calendar style of investing interest me to make money? simple. every year there is a way to make money. let me give you examples of why this is a lazy force that is nothing but a lovy blanket. first, when these numbers or patterns were created, the u.s. was in control of its own destiny. our fings ago system is connected with theirs. do you think...
96
96
Sep 27, 2012
09/12
by
KGO
tv
eye 96
favorite 0
quote 0
too many americans are struggling to find work in today's economy. too many of those working are living paycheck to paycheck. more americans are living in poverty than when president obama took office. 15 million more are on food stamps. my job creates 12 million jobs over the next four year. we shouldn't measure compassion by how many people are on welfare, we should measure compassion on how many people are off welfare and able to get a good paying job. i'm mitt romney and i approve this message. >> he cracked it himself. carrie underwood was at a concert in louisville. there was a kid in the audience, holding a sign that said will you be my first kiss? she pulled him on stage. here's what happened. >> 12 years old. >> you got a jump on me. i was 14 when i had my very first kiss. just so you know my husband is somewhere in this building, might be looking for you later. >> how are we going do this? >> lip to lip. >> this is the smartest kid ever! >> close your eyes. >> jimmy: he went for lips. let's show this that video. my research and development
too many americans are struggling to find work in today's economy. too many of those working are living paycheck to paycheck. more americans are living in poverty than when president obama took office. 15 million more are on food stamps. my job creates 12 million jobs over the next four year. we shouldn't measure compassion by how many people are on welfare, we should measure compassion on how many people are off welfare and able to get a good paying job. i'm mitt romney and i approve this...
230
230
Sep 26, 2012
09/12
by
CNBC
tv
eye 230
favorite 0
quote 0
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> finally mitt romney's got something good to feel good about. i'm talking about unemployment. specifically, what we heard from paychex, the second largest pay rolling company in america. especially hiring small businesses, which irks main clients. last night we got results from paykhex and many considered it disappointing. now, i think paychex is a well-run business. while the company is facing a tough environment, the quarter wasn't terrible by any stretch of the imagination. it beat it by a penny on a 40 cents basis and 2% year over year. last time i thought that was the hugely important key metric. however, the growth year se
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm proud of that. making real things... for real. ...that make a real difference. ♪ >>> finally mitt romney's got something good to feel good...
198
198
Oct 2, 2012
10/12
by
CNBC
tv
eye 198
favorite 0
quote 0
tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on tweeter. have a question? tweet cramer or send him an e-mail or give us a call at 1800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> here's one area where playing football and managing money have a lot in common. we call it the check down. that's when the quarterback considers whom he should pass the ball to. checking down one receiver after another, find out who's open. who can score. and then hits him while he's uncovered. the best quarterbacks have a list in their heads about who to go to first, second, third, fourth, sometimes even fifth. money managers perform the same check down too. we just don't call it that. you can follow along at action alerts plus, and i do it for this show as i search for ideas that have enough merit to be noted on "mad money." how does it work? okay, today's the beginning of a new quarter but what like to do at the start of the quarter is look at the win
tonight, cramer is talking to the ceo to get a real read on the economy, just ahead. all coming up on "mad money." >>> don't miss a second of "mad money." follow @jimcramer on tweeter. have a question? tweet cramer or send him an e-mail or give us a call at 1800-743-cnbc. miss something? head to madmoney.cnbc.com. >>> here's one area where playing football and managing money have a lot in common. we call it the check down. that's when the quarterback...
71
71
Oct 4, 2012
10/12
by
CNBC
tv
eye 71
favorite 0
quote 0
it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could be seen as an economic downgrade and not have a positive economic impact. they also said they prefer economic factors to calendar dates. sounds easy, right? no. because they can't agree on whether to use numerical targets and what they should be. they're discussing th ining the discussing these numeric targets. >>> that's a lot of information to process. we're going to do what we are calling the fed minutes in a minute. you have 60 seconds to break it down, pull out the nuggets that we need to know about and that are going to move the markets. your time
it won't help an economy plagued by uncertainty. it could complicate the tightening of policy when it is time for the fed to tighten and it could raise rates in other sectors. however, most participants believe the risk of qe as detailed there could be managed. >>> now a couple issues here. the effectiveness of the calendar date guidance. remember they extended that into 2015. but there's a big debate on the fed about whether or not this is effective. they worry that the change could...
218
218
Sep 27, 2012
09/12
by
CNBC
tv
eye 218
favorite 0
quote 0
we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let me be very clear. in nebraska and all across america, i just chaired the national governor's association this past year. americans do not want the federal government to bail out states that have failed, that have failed to adopt a balanced budget, that they continue to raise taxes. that's not what we want as americans. we want states to control their spending, create more jobs. so i certainly don't think the federal government ought to bail out a state like illinois or california if they can't do it themselves. >> governor, it's been
we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let...
200
200
Oct 1, 2012
10/12
by
CNBC
tv
eye 200
favorite 0
quote 0
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to come off a mammoth real estate boom. they're doing a better job than we did. >> craig barrett is our guest host today, former intel chairman and ceo and talked about how technology is going to go the same way as the international markets, 70% to 80% of the sales of big tech companies are. do you worry about it coming back to our shores anything that's happening overseas and affecting our own home companies, too? >> there's no question. what is it, 40%, 45% of the profits of the s&p come from global non-u.s. sale
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to...
335
335
Sep 28, 2012
09/12
by
CNBC
tv
eye 335
favorite 0
quote 0
i still think the economy in the u.s. looks better than most people would argue. the up tick in housing may be very helpful to the unemployment situation. so i wouldn't get overly bearish on the economy either, given that sector is finally starting to improve. >> rick santelli, as i mentioned, midday the results of those stress tests on the spanish banks came in not as bad as feared. that took the sheen off the treasury rally we'd had to that point. what are you watching otherwise right now? >> well, it took the sheen off, but we're still a couple basis points down on the day. we're still down a dozen basis points on the week. traders are going to continue to monitor the realities of spain, the realities of whether a bailout will be requested. you know, as carol knows from her book, if 90% of all the entrepreneurs don't succeed, it's not going to help them in the stock markets are up. what will help them is if the fundmentals are up. >> wow, carol, you have a fan of your book. >> we're chicagoans. we stick together. >> where do you stand on europe right now? are w
i still think the economy in the u.s. looks better than most people would argue. the up tick in housing may be very helpful to the unemployment situation. so i wouldn't get overly bearish on the economy either, given that sector is finally starting to improve. >> rick santelli, as i mentioned, midday the results of those stress tests on the spanish banks came in not as bad as feared. that took the sheen off the treasury rally we'd had to that point. what are you watching otherwise right...
128
128
Oct 3, 2012
10/12
by
CNBC
tv
eye 128
favorite 0
quote 0
yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and investors are meeting today to discuss the economic landscape and how to navigate it. our david faber is with them at the barefoot economic summit in larue, texas. >> i've joined by founder, cio of golden tree house and management. they're in bank loans, they're in bond, distressed investments, private equity structured products. credit is the name of the game when it comes to golden tree. 16 billion-plus in assets. talk about high-yield credit overall. high yield continues to have funds moving in to it. are we towards the end of this bull run? >> we certainly are in the end of the bull run of low default rates. i believe -- i'm not t
yeah, we might get cheaper gas eventually, but at what cost to the global economy? >>> then, we're going to debate what is better for your money, an obama win or a romney win. >>> plus, the one thing that wall street wants to hear at tonight's debate. >>> and later on, american airlines says all the seats are fixed. >>> lots of things coming up at the top of the hour. back to you on "power lunch." >>> the world's top asset managers and...
49
49
Oct 3, 2012
10/12
by
CNBC
tv
eye 49
favorite 0
quote 0
what's happening is the economy is delevering, which is leading to slow growth. i think one of the key macro considerations -- we tend to think of macro in risk management terms, we're an equity long/short fund, stock pickers -- but the reality of is this environment is that you have to have a view and you have to manage risk and so one of the key considerations is when does velocity pick up, how does it pick up, what does that mean in terms of equity prices, what does it mean in terms of inflation. >> what do you think. >> what does it mean in terms of bond prices? >> we've just looked at that chart. it should pick up. there's good inflation and bad, in a way. >> that's right. and good inflation, ie increases in home prices, increases in wages, those would be positive things. positive investments as long as they were at a pace that made sense. bad inflation like oil prices, commodity prices, that would be a tough thing for the market. >> does this worry you? >> well, it worries me in the sense that -- i mean i think about this as all this liquidity that's if the
what's happening is the economy is delevering, which is leading to slow growth. i think one of the key macro considerations -- we tend to think of macro in risk management terms, we're an equity long/short fund, stock pickers -- but the reality of is this environment is that you have to have a view and you have to manage risk and so one of the key considerations is when does velocity pick up, how does it pick up, what does that mean in terms of equity prices, what does it mean in terms of...
241
241
Oct 1, 2012
10/12
by
CNBC
tv
eye 241
favorite 0
quote 0
good read on the economy with maria's exclusive interview there in san francisco with the president of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day, thebest, up as many as 161 points. after stronger than expected manufacturing data set the tone this morning for this market. stocks gave back much of the gains after federal reserve chairman ben bernanke defended the central bank's latest bond buying stimulus program. is that a red flag that this fed-fueled rally is in trouble? top strategists are weigh in tonight. take a look at how we're finishing the day on wall street. as you can see, things settled out, dow jones industrial average held on to a double-digit move, although well off of that 161-point rally. the nasdaq went negative, although it, too, came back off of
good read on the economy with maria's exclusive interview there in san francisco with the president of oracle corp, mark hurd. i'll see you tomorrow. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome back to "the closing bell." i'm maria bartiromo coming to you today from san francisco. we're following up the close this monday night. stocks losing steam in the final hours of trading today. dow industrials had a rip roaring day,...
264
264
Oct 3, 2012
10/12
by
CNBC
tv
eye 264
favorite 0
quote 0
economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus. he will accuse mitt romney of seeking $4 trillion, $5 trillion in additional tax cuts for the wealthy while raising taxes on the middle class. there will be a lot of talk about that because mitt romney disputes that he would be cutting taxes -- excuse me, raising taxes on the middle class. at the same time, he's challenged. obama's challenge is not to be too cocky. with good reason, he gets cocky sometimes. he's got to be careful that he doesn't is a moment like he had in the new hampshire debate in 2008 where he said hillary is lik
economy is recovering, though. joining us now is steve murphy, a democratic strategist and managing partner at mvar, and gretchen hamill is a republican strategist and executive director at public notice. nice to have you both with us. steve, perhaps you can kick it off for us. what do you think tonight holds? >> you know, here's what barack obama has to do. the debate right now in the campaign is very heavily over economic policy going forward. that's where barack obama wants to focus....
101
101
Sep 28, 2012
09/12
by
CNBC
tv
eye 101
favorite 0
quote 0
that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues that have hung over the american economy from spain? >> is madrid more important than chicago? >> at least it is today. we wanted to see what the needs would be for the spanish banks. the numbers that they put out today after this exhaustive examination. >> do you breath numbers? >> the market believes them now. they came about in line with expectations. the number could change depending on what happens with the spanish economy and if real estate prices fall even further. you think more of this like a tradeoff. if the capital requirements had been even bigger it would have meant th
that suggests the economy may not be so hot, right? >> set the stage. we just downgrade the second quarter. we went from 1.7 to 1.3. we talked about that yesterday. >> this i consistent with that. >> exactly. we thought third quarter might have a two handle on it. we're taking that two handle off. before i came on goldman sachs has a report saying they're looking at 1.9. i see some over 1.8, 1.7. slow mediocre growth continues. i think the key being, can we resolve the issues...
57
57
Oct 1, 2012
10/12
by
CNBC
tv
eye 57
favorite 0
quote 0
and a read on the global economy from industrial real estate power house, plus getting set up for the fourth quarter coming at the top of the hour on "mad money." stay tuned. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. when you take a closer look... ...at the best schools in the world... ...you see they a
and a read on the global economy from industrial real estate power house, plus getting set up for the fourth quarter coming at the top of the hour on "mad money." stay tuned. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male...
257
257
Sep 28, 2012
09/12
by
CNBC
tv
eye 257
favorite 0
quote 0
and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the federal reserve. take a look at the global indices. that hasn't worked that well this month or quarter at all. spain, germany and brazil have outperformed the s&p 500. and even china, while it isn't doing great, i'm not making any claims it is, it's almost on the par with the united states so far this month. my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea.
and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the...
220
220
Sep 26, 2012
09/12
by
CNBC
tv
eye 220
favorite 0
quote 0
economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar. good morning, rick. >> good morning, carl. like an answering machine, there's a loop and the markets have a loop and we're seeing this loop again and we all know what it is. let's look at some one-month charts. it's starting to come down. you can see aggressively the boon chart, over the sea, over the pond. their rates on the ten-year maturity are looking very similar. also moving down. well, what's moving up? let's look at a one-month chart of two-year maturities in spain. you can see what's kicking up. about 25 basis points. you can see what's kic
economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar....
284
284
Sep 27, 2012
09/12
by
CNBC
tv
eye 284
favorite 0
quote 1
the economy. as to the specific measures that they undertake, old habits die hard and respecting the independence of the federal reserve, you're not going to get me to make a comment, evaluating those measures one way or the other, but i think that the judgment that monetary policy should be oriented to domestic economic strength is the right basic approach for monetary policy to take. >> does it surprise you to see the euro at $1.28 to $1.30, because that surprises me. >> i've long ago given up being surprised by currency values. the only forecast you can make is the famous jpmorgan forecast that they will fluctuate. >> i know that you are going to be looking at tax reform and the idea of whether or not we can cut marginal rates because this has been so discussed in this election cycle. mitt romney has laid out a plan to bring down marginal rates and try and get rid of a lot of the deductions. does that work in your opinion? >> look, i think we always want marginal rates as low as we can have the
the economy. as to the specific measures that they undertake, old habits die hard and respecting the independence of the federal reserve, you're not going to get me to make a comment, evaluating those measures one way or the other, but i think that the judgment that monetary policy should be oriented to domestic economic strength is the right basic approach for monetary policy to take. >> does it surprise you to see the euro at $1.28 to $1.30, because that surprises me. >> i've long...
131
131
Sep 27, 2012
09/12
by
CNBC
tv
eye 131
favorite 0
quote 0
and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to
and while congress stalls, the economy appears to be stalling. economic data showing a slowdown. and forget december 31st. is the fiscal cliff impact already here? the president slamming trickle-down economics. but isn't that exactly what the fed is doing? why the so-called fed effect stinks for the little guy. plus, guess who's not paying their fair share in taxes. the federal government. a story you will not want to
325
325
Oct 2, 2012
10/12
by
CNBC
tv
eye 325
favorite 0
quote 0
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been strong, industrial manufacturing has been strong, software has been strong, you know, it's -- i'm not generalizing the whole economy but our job is to find value in the market and certainly our companies are building cash flows and where they're importantly finding ways to unlock the value. >> joe is a fan of jack-in-the-box. >> i am. in contrast -- >> i am a fan of chico's. >> in contrast to other fast food chains although there aren't many i'm not a fan of. >> that's obvious. >> i like jack-in-the-box, too. the play on jack in the box, they used to have a corporate parent in the day so they wind up opening their own sto
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been...
239
239
Oct 3, 2012
10/12
by
CNBC
tv
eye 239
favorite 0
quote 0
the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than expected. much better than our last look and it's the best number going back to march. march when you had a number of 56.0. we've pretty much taken away the down on equities and we've moved the basis point higher on tens to a middle of five-basis point closing range over the last week and that is at 163. melissa lee, back to you. >> thank you very much, rick santelli. slight pop in the equity market. steve? >> really interesting number here. rick said stronger than expected along with the ism manufacturing number. the business activity number, up to a
the service sector, the bigger part of the economy. this september number we're expecting, basically a lateral move. 53.7 was our last look and we're also coming off of several other data points. adp was better than expected at 162. high ironic, we stripped away last month's revision. we could argue about the fed in qe 3 but initially re-fis have popped and we're waiting for it, the markets are moving a little bit. equities are 55.1. they've had it. they started to rally. much better than...
307
307
Oct 4, 2012
10/12
by
CNBC
tv
eye 307
favorite 0
quote 0
they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and he made a good presentation last night. >> and i assume you have thoughts on -- and i don't want to get too much into the style because that is all anyone's talking about today. but you must have some explanation for why the president appeared the way he did and why he chose to leave out some bullet points that he could have pulled out of his pocket. >> sure, look. i think the president focused on the facts and focused on his accomplishments and his plans for the future. and he was very factual in what he did. and as many people have sa
they'll drive the economy the wrong way. and when it came to closing loopholes, the only loophole he was willing to talk about, i wish he had talked about closing the kerry loophole. that would have been an interesting one. that's a big inexcusable one. but instead he said he'd get rid of big bird. as we all know, that's not going to do it. he's just not honest on either the tax side or the revenue side. but, look. i used to work at boston consulting group, too. mitt is a great presenter, and...
302
302
Oct 1, 2012
10/12
by
CNBC
tv
eye 302
favorite 0
quote 0
economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around the world and that inneed is the days. >> do you believe we can hold onto growing plus 50 numbers through year end? i know barring all the vasslations in the individual data, can we built on this? >> it is a close call in manufacturing. of course we are affected by what's going on around the world in manufacturing. in the broader economy if you look at the housing sector, the consumer sector, various service sectors, yes, i think the u.s. economy can continue to grow steadily and pick up moment unas we get into next year. >> the market is reactin
economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around...
62
62
Sep 30, 2012
09/12
by
KGO
tv
eye 62
favorite 0
quote 0
economy as hispanic? >> for me. in addition to the private sector that has to be a greater investment in the ground floor and that means education. if we don't invest in education, whatever the private sector can do is going to be constrained by that. the pipeline has too many leaks from kindergarten to say college. that leakage, that hemorrhaging has to stop otherwise those opportunities afforded by the private sector are not going into the right hands. >> reporter: really talk about that in a few minutes when "beyond the headlines" continues we'll wrap up our discussion talking about education and what the future holds for today's generation of young latinos. we'll be right back. [ male announcer ] this is the opposite of subliminal advertising... there's no subtext... just tacos. yeah, it's our job to make you want it. but honestly... it's not that hard. old el paso. when you gotta have mexican. of green giant vegetables it's easy to eat like a giant... ♪ and feel like a green giant. ♪ ho ho ho ♪ green gian
economy as hispanic? >> for me. in addition to the private sector that has to be a greater investment in the ground floor and that means education. if we don't invest in education, whatever the private sector can do is going to be constrained by that. the pipeline has too many leaks from kindergarten to say college. that leakage, that hemorrhaging has to stop otherwise those opportunities afforded by the private sector are not going into the right hands. >> reporter: really talk...
82
82
tv
eye 82
favorite 0
quote 0
they think that mitt romney is better for our economy. nine of 17 of these guys do that. only three haveknopick. still, i find it a telling one. especially when you recall it was the obama administration that brought about hundreds of economists supported them. the very best among them, clearly not being stimulated. the bloom is off the obama rose. by a ratio of three to one, their hope is for change. this is hardly an endorsement from mitt romney is one of the economist put it. obama does not understand business and rummy does not understand how to govern. so pick your poison. the fact that most of the economists prefer mitt romney's poison speaks volumes. it speaks volumes about how economist have had it with mitt romney's end obama's poison. romney might be more likely to get congress to do something, whereas obama has shown that he cannot. allen sinai says that romney is more likely to cut the growth of government itself. well, hope springs eternal, i guess, but these are among the finest economic minds of the country, many of them supporting -arack obama early on. un
they think that mitt romney is better for our economy. nine of 17 of these guys do that. only three haveknopick. still, i find it a telling one. especially when you recall it was the obama administration that brought about hundreds of economists supported them. the very best among them, clearly not being stimulated. the bloom is off the obama rose. by a ratio of three to one, their hope is for change. this is hardly an endorsement from mitt romney is one of the economist put it. obama does not...
254
254
Oct 2, 2012
10/12
by
CNBC
tv
eye 254
favorite 0
quote 0
what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator for us versus the market. we believe there's a customer demand for u.s. manufacturing not only for the manufacturing presence but also what we could bring to differentiate ourselves around the customer experience that a local manufacturing plant provides us the flexibility to do. >> were these jobs that were elsewhere that are essentially being imported into the country, or are these new jobs? >> these will be new jobs we're creating. as you may not know, we're the faste fastest-growing pc player in north america for the last nine quarters and have expanded our presence in
what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator...
328
328
Sep 28, 2012
09/12
by
KICU
tv
eye 328
favorite 0
quote 1
today both spent time in virginia where the economy remains a dominant issue. >> our economy needs to be reinvigorated, and the president has laid out his plan. it's a continuation of the old plan. we can't afford four more years of the last four years. all right. >> romney also making while reaching out to veterans and service members. >> my opponent thinks it's fair for somebody who makes $20 million a year like him pays a lower rate than a cop or a teacher who makes 50,000. >> president obama was in virginia beach. he also talked to veterans and service members who spent 40 days now left for the election both candidates are spending the bulk of their time campaigning in swing states. >>> the california transportation commission today allocated $40 million caltrain to modernize track and eventually integrate into california's high speed rail project. the money will go toward a new high-tech signal system that prevents collisions and enforces speed restrictions. it also optimizes a number per hour. the long range is to have the track modernized by the year 2019. >>> a young actor is
today both spent time in virginia where the economy remains a dominant issue. >> our economy needs to be reinvigorated, and the president has laid out his plan. it's a continuation of the old plan. we can't afford four more years of the last four years. all right. >> romney also making while reaching out to veterans and service members. >> my opponent thinks it's fair for somebody who makes $20 million a year like him pays a lower rate than a cop or a teacher who makes 50,000....
192
192
Oct 3, 2012
10/12
by
KTVU
tv
eye 192
favorite 0
quote 0
economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground states. although nationally it's a very close election, he's been hammered in the battleground states. the debates can be a great equalizer for him, but also that increases the pressure on him, whereas i think we are going to see barack obama playing a lot more defense." that was bill allison of the sunlight foundation. at long last, a wall street firm is being sued for fraud in connection with the housing crash. the suit was filed monday by the new york attorney general. the lawsuit holds jp morgan chase responsib
economy. out of six 15-minute segments, 3 will focus on the nation's finances. the economy remains a top issue for voters. and many americans are anticipating a victory from the president. pew research reports 51% of voters say they think obama will win in tonight's broadcast. an analyst with the sunlight foundation tells first business that the pressure is on for the romney campaign. "in the polls it looks like romney is falling behind and falling further behind in the battleground...
97
97
Sep 28, 2012
09/12
by
KQED
tv
eye 97
favorite 0
quote 0
and that also has to do with the economy. if the economy is doing well, there's more money sloshing around, you're going to see more speculation and you're going to see more business. >> reporter: are any elements of the election being priced into corn at this moment, or is this all drought and supply and demand driven? >> we are in harvest mode right now, so we're just really more concerned with what the bushel counter is saying in the combine than what legislator is saying on the stump. so right now, we're just trading harvest and what we think, and ultimately what we think the crop will be when we pull it out of the ground. >> reporter: scott, thanks so much. >> all right. thank you. >> tom: tomorrow, "politics in the pits" continues from chicago's livestock trading pits-- presidential politics, cattle, and pork bellies. the securities and exchange commission is taking a closer look this fall at the systems and computer programs brokerage firms use to place orders. the move comes after the big trading trouble at knight cap
and that also has to do with the economy. if the economy is doing well, there's more money sloshing around, you're going to see more speculation and you're going to see more business. >> reporter: are any elements of the election being priced into corn at this moment, or is this all drought and supply and demand driven? >> we are in harvest mode right now, so we're just really more concerned with what the bushel counter is saying in the combine than what legislator is saying on the...
33
33
tv
eye 33
favorite 0
quote 0
it also has to do with their perception that the economy's going to grow as long as the economy stagnate and it's just flat it's not worth the risk of borrowing more money even at low interest rates to expand your business because you don't see the future sales. interesting point let's bring back entrepreneurial investor reggie middleton author of the popular boom bust blog too i should say so reggie at first of all great job out there today you listen and some great responses from people who had some great conversations so what did you think of that gentlemen's analysis is that does he see it the same way you do as far as the impact of low rates and. yeah basically i agree with them if they work on first the chicken and egg scenario but if you are a prudent business manager you don't take on debt without a business case for and that if you do then you are manager and you will soon be out of business but what the government what the so what the fed and the government actually put the fed is trying to do is if it is trying to take businesses who rely on. or free money more risk free money
it also has to do with their perception that the economy's going to grow as long as the economy stagnate and it's just flat it's not worth the risk of borrowing more money even at low interest rates to expand your business because you don't see the future sales. interesting point let's bring back entrepreneurial investor reggie middleton author of the popular boom bust blog too i should say so reggie at first of all great job out there today you listen and some great responses from people who...
164
164
Sep 29, 2012
09/12
by
CSPAN
tv
eye 164
favorite 0
quote 0
that's not only good for those families; it's also good for our economy. when folks are spending less on mortgage payments, they're spending more at local businesses. and when those businesses have more customers, they start hiring more workers. but we can do even more if congress is willing to do their part. back in february i sent congress a plan to give every responsible homeowner the chance to save about $3,000 a year on their mortgages by refinancing at lower rates. it's a plan that has the support of independent, nonpartisan economists and leaders across the housing industry. but republicans in congress worked to keep it from even getting to a vote. and here we are -- seven months later -- still waiting on congress to act. this makes no sense. last week, mortgage rates were at historic lows. but instead of helping more and more hardworking families take advantage of those rates, congress was away on break. instead of worrying about you, they'd already gone home to worry about their campaigns. the truth is, it's going to take a while for our housing m
that's not only good for those families; it's also good for our economy. when folks are spending less on mortgage payments, they're spending more at local businesses. and when those businesses have more customers, they start hiring more workers. but we can do even more if congress is willing to do their part. back in february i sent congress a plan to give every responsible homeowner the chance to save about $3,000 a year on their mortgages by refinancing at lower rates. it's a plan that has...
164
164
Oct 4, 2012
10/12
by
KTVU
tv
eye 164
favorite 0
quote 0
economy. my plan has 5 basic parts. one get us north america energy independent, that creates about 4 million jobs. number two open up more trade particularly in latin america, crackdown on china if and when they cheat, number three make sure our people have the skills they need to succeed, and the best schools in the world (we're far away from that now), number four get us to a balanced budget, number 5 champion small business. gov romney's central economic plan calls for a 5 billion dollar tax cut, on top of the extension of the bush tax cuts-- that's another trillion dollars and 2 trillion dollars in military spending that the military hasn;t asked for. that's 8 trillion dollars. how we pay for that, reduce the deficit, make the investments we need to make without dumping those costs on the middle class americans is one of the central questions of this campaign. president barack obama and former governor mitt romney adapted to the new format of debate, six segments of 15 minutes each. the next presidential debate is
economy. my plan has 5 basic parts. one get us north america energy independent, that creates about 4 million jobs. number two open up more trade particularly in latin america, crackdown on china if and when they cheat, number three make sure our people have the skills they need to succeed, and the best schools in the world (we're far away from that now), number four get us to a balanced budget, number 5 champion small business. gov romney's central economic plan calls for a 5 billion dollar...
212
212
tv
eye 212
favorite 0
quote 0
what about the economy? this is going to be the top issue in this domestic oriented debate tomorrow night. can you get any closer than that? one thing i want to talk about. the gender gap. weaver seen it. and here's a brand new poll from quinnipiac university, another survey in the last hour, not even that. look at that. president with a very large advantage among women voters. in our poll it was a little smaller but the president also had the advantage. mitt romney has an advantage among men but not by as much. >> ten points. not enough to make up for the gap with women. thanks very much for being with us this morning. great to see you in person. >> great to be here. >> in a few minutes sean spicer will join us live. he's the communications director for the republican national committee. >> also ted strickland the obama campaign's national co-chair. >>> word that an egyptian nil tant freed from prison in the wake of the arab spring is linked to the attack on the u.s. consulate in libya that killed four amer
what about the economy? this is going to be the top issue in this domestic oriented debate tomorrow night. can you get any closer than that? one thing i want to talk about. the gender gap. weaver seen it. and here's a brand new poll from quinnipiac university, another survey in the last hour, not even that. look at that. president with a very large advantage among women voters. in our poll it was a little smaller but the president also had the advantage. mitt romney has an advantage among men...
61
61
Sep 26, 2012
09/12
by
FBC
tv
eye 61
favorite 0
quote 0
neil: when you hear president touting improving economy numbers, still weak as we know for this stage in a recovery, but they are better than they were, and president saying hey look i've been for pursuing coal and oil as much as green energy, someone is buying, that right? >> i hope not. because it is a absolute lie from the president. and anyone that supports him to say that he is eliminating low-cost electricity in america. it is a human issue to me because it is the lives and livelihoods of my employees he is destroying, people are not buying his lies. lies. >> how i is he stopping our industry from expanding and mining more coal, white house says we have more coal mining going on today than when the president took over. >> he is doing it two ways, in our permitting, we cannot get permits for regulations, they come out of the department of interior, department of labor. rules and regulations he is playing down we cannot get permission to mine the cole. and on the utilization end, causing electric utilities to stop burning cold. an-- coal, he substitutes his wind and solar power th
neil: when you hear president touting improving economy numbers, still weak as we know for this stage in a recovery, but they are better than they were, and president saying hey look i've been for pursuing coal and oil as much as green energy, someone is buying, that right? >> i hope not. because it is a absolute lie from the president. and anyone that supports him to say that he is eliminating low-cost electricity in america. it is a human issue to me because it is the lives and...
147
147
Sep 27, 2012
09/12
by
FBC
tv
eye 147
favorite 0
quote 0
looking at discover financial and they're coming out with their numbers, basically the economy is improving. fewer borrowers are defaulting on their loans, on the debt. seeing more transactions, confidence has been improving for americans so they have been using their cards a little more. and paying it off. that is the environment we are in. nolast but not least, may deal with paypal, so that will add to their future transactions. for today a great day. ashley: ashley:.i. talking to john mccain about the biggest headwind facing the usa today. liz: can you imagine voting for this interview. wait until you listen come back here what he had to say. not just how we get rid of tax abductions, but all of them except two. but also which industries are mature enough that we should rip the rug out from underneath them and stop giving him all kinds of tax breaks. speaking very candidly with me. i first asked about different kinds of government strategies where government works best with this, here' here is what senator mccain had to say. >> you're picking winners and losers, and obvious in the case o
looking at discover financial and they're coming out with their numbers, basically the economy is improving. fewer borrowers are defaulting on their loans, on the debt. seeing more transactions, confidence has been improving for americans so they have been using their cards a little more. and paying it off. that is the environment we are in. nolast but not least, may deal with paypal, so that will add to their future transactions. for today a great day. ashley: ashley:.i. talking to john mccain...
221
221
Sep 26, 2012
09/12
by
KCSMMHZ
tv
eye 221
favorite 0
quote 0
and our economy is struggling with prolonged deflation and the higher yen. we need to solve these problems and create a stronger and more affluent japan. that is my mission. >> people in tokyo have expressed mixed feelings about abe's re-election. >> translator: i was for abe, but to be honest i'm surprised he actually got elected. i hope he'll do good work. >> translator: when i look back, i can't expect much from him. >> translator: i'm concerned. abe might not be capable of dealing with diplomatic issues. >>> abe comes from a political family. his grandfather was prime minister, too. shinzo abe was the youngest prime minister of the postwar era. he took office at the age of 52. he visited china and south korea during his tenure and tried to improve relations. abe's grandfather nobusuke kishi led japan in the late 1950s. into 1960. his father shintaro abe served as a foreign minister. abe promised to use his experience to revise the constitution and to reform education. so abe has a lot of political know-how and a profile. shery ahn spoke earlier with our
and our economy is struggling with prolonged deflation and the higher yen. we need to solve these problems and create a stronger and more affluent japan. that is my mission. >> people in tokyo have expressed mixed feelings about abe's re-election. >> translator: i was for abe, but to be honest i'm surprised he actually got elected. i hope he'll do good work. >> translator: when i look back, i can't expect much from him. >> translator: i'm concerned. abe might not be...